Richard Barfuss Acquires Retail Property In Wayne, NJ From March Associates For $2.1M
1836 New Jersey Highway 23, Wayne, New Jersey 07470, United States
$2,100,000
$283/SF
Building Size
7,400 SF
Asset Type
Retail
Closing
Dec 17, 2021
AI
A retail property located at 1836 NJ-23 N in Wayne, NJ, was recently sold for $2,100,000. The property spans a total area of 7,400 square feet, resulting in a price per square foot of $284. The transaction took place on December 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 1836 NJ-23 N, Wayne, NJ
- Market: Wayne, NJ
The buyer of the property was Richard Barfuss, while the seller was March Associates. Mario Brunelli from RJBCO served as the broker in the deal.
Players
Wayne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93